GENERAL POWERS RELATED TO FINANCES
Known as the Development Corporation Act
The act spans §§ 501.001 to 507.202 (255 sections).
Added by Acts 2007, 80th Leg., R.S., Ch. 885 (H.B. 2278), Sec. 3.01, eff
A spaceport development corporation may:
(1) impose a charge for using a spaceport or a service the corporation provides;
(2) borrow money;
(3) loan money to fund a spaceport; and
(4) invest money under the corporation's control in an investment authorized by Chapter 2256, Government Code.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.